Ai Build Receives Investment in Series A Financing Round

Ai Build, an additive manufacturing software startup, has raised an $8.5 million Series A round led by IQ Capital, bringing the company's funding to $13.5 million. What do we know about Ai Build? It offers manufacturers a cloud-based solution designed to reduce costs, lead times and material waste in the historically laborious and error-prone process of additive manufacturing. What is the company's goal? It aims to eliminate all inefficiencies caused by human error to make the manufacturing process simpler, smarter, sustainable and cost-effective.

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Ai Build

It is partnering with major manufacturing companies, including Boeing, to expand the use of additive manufacturing in large-scale industrial applications such as specialised tooling and end-use components in the aerospace, automotive and energy sectors. Customer benefits include a 65 per cent reduction in failed production attempts and a 90 per cent increase in overall build efficiency.

It will use the funding to accelerate its product roadmap. This will enable it to reach more customers with greater automation and artificial intelligence capabilities. The investment will also enable the opening of a subsidiary in the US and continued expansion in Europe.